Verition Fund Management LLC Purchases 78,662 Shares of Builders FirstSource, Inc. $BLDR

Verition Fund Management LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 65.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 199,367 shares of the company’s stock after buying an additional 78,662 shares during the quarter. Verition Fund Management LLC’s holdings in Builders FirstSource were worth $20,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC increased its position in shares of Builders FirstSource by 1,323.5% during the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of Builders FirstSource by 90.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $38,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $38,000. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLDR. Loop Capital reduced their price target on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Barclays reduced their price target on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. KeyCorp dropped their target price on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, UBS Group dropped their target price on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Trading Down 0.2%

Shares of Builders FirstSource stock opened at $77.65 on Tuesday. The company’s fifty day simple moving average is $79.25 and its 200-day simple moving average is $96.95. The stock has a market capitalization of $8.35 billion, a PE ratio of 29.75, a P/E/G ratio of 1.86 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $65.10 and a 1-year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has authorized a stock buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.